8 CASTLEGAR NEWS,

Thursday, Aug. 30, 1962

Many Documenis

The purchase of a house usu.
ally involves the preparation of at
Jeast three tegal documents. They
include an offer to purchase, a
transfer of title to the land, and
acceptance of the mortgage debt
by the purchaser,

The offer to purchase is a
written contract which states that
the owner agrees to scli and the
buyer to buy,.and binds both par-
ties to the agreed terms and con-
ditions. ‘

The ofter to purchase usually

For Owning Home

deal. The purchaser Is then re-
quired to agree in writing to ac-
cept the mortgage debt unless, of
course, he can pay for the nro-
perty in cash, a privilege that very
few people can afford.

The legal procedures are sim.
ilar if you are buying a house
which is in the process of being
built, though in this case you
should obtain a written agreement
covering the work to be completed,
This agreement should include a
clause identity ine the working

includes all
the purchase price and terms of
payment, the dates on: which the
deat is to be closed and when the
buyer. will obtain possession of
the house,

In all this your lawyer will
see that your interests are pro-
tected. He will also make sure
that the document covers the ap-
portioning of taxes, and fire in-
surance coverage from the time
your responsibility in the proper:
ty begins,

He will also check on the cost

of services such as water, sewer
and roads, These may be included
ini the purchase price or you may
be required to pay them through
increased taxes over a- period of
years, There is more to an “offer
to purchase’ than the average
person realizes. That is why it
pays to have a‘lawyer looking af-
ter your interests at this point.
Your Jawyer searches the ate
is

ant Ber
cording to which the house is be-
ing cons! .
The person who plans on buy-
ing a lot on which to build a house
should see a lawyer before he pur.
chases the land. The legal docu-
ments in this case will include, in
addition to those we have already
discussed, a survey of the land, a
building permit and a building
contract. Your lawyer can arrange
to obtain the building permit from
local authorities.
‘The building contract with the
builder is also an important .docu-
ment since it bravides essential
for the
This contract should “identify the
parties concerned, contain a des.
eription of the work to be done
and the amount and method of
payment.

Reference should also be made
to the working drawings and spec-.

of both parties,

and
eee that you have clear title to

the land, This title will be con.
firmed by the issuance of a “Deed
of Conveyance of the Title to
Land” in your name.

The third essential document
must be signed when closing the

Paes
FOR LIFE
INSURANCE
AT LOW
NET COST

The lawyer may also be res-
ponsible for making progress ad.
vances to the builder; in other
words, paying out portions of the
mortgage’ money to the builder as
the various stages of construction
are completed. You can arrange
with your lawyer for him to see
that enough funds are withheld
to cover any workmen’s or me-
chanic's lien against your property.

What is a lien, you might ask?

vices unpaid by the builder.

ifieations and the right and res-|

A lien is simply a claim against
the property by .the workmen or
suppliers to cover goods or ser-

HOUSING HINTS

Christina Lake igt

i

R three fomous. inventors. All, of

TWO “CULVERTS at the ‘Kinnaird ad of the Kinnaird-

now Jeted and. traffic

are

the detour around the first
Photo

now passes over them although the paving of the road
over them remains yet to be done. Early last week
crews were busy removing the sand bags which formed

culvert. — Castlegar News

Plans for a $50 million pulp
are

$50 Million Pulp
Mill for Kamloops.

cessary to ensure a supply of wood
for he

mill af
pending granting of water and
pulpwood harvesting licences, ac-
cording to Ken Long, president of
the local group that sponsored the
idea.

He is president of two com.
panies that have been set up to
expedite the plans, Kamloops Pulp
and Paper Co, and Kamloops Wood
Conversions Ltd. The first com-
pany has applied for a water li.
cence to take 45 million gallons
per day from ‘the North Thomp-
son, and the other has applied for
the harvesting permit.

A hearing has been set in
Kamloops Sept. 6 on the harvest.
ing application, which is for 13
sustained yield units.

. Long said that engineering
and feasibility studies have been
completed for the mill, which will
Produce 200 tons of bleached kraft
pulp a day in its initial, $12 million
stage,

National Housing Act?

The Mutual Life

ASSURANCE COMPANY OF CANADA

4 c. from a puller: who has already
obtained NHA financing or a per-
ARTHUR son may borrow. on his own ac-
count to build on land that he
ay ANDERSON owns,

: NHA loans are made by -ap-
egy tins proved lenders such as life in.
‘the man from surance companies, trust and loan

ore i and
Ke However, if a would-be homeown-
er is not able to arrange financ-
(e3 ing through an approved lender
————s

loans in his area,

Housing Corporation.

WARNING

Kootenay Lake and

River Levels

Regulation of Kootenay Lake fo store water for winter power pro-
duction will again be under way commencing: September 1. By an

generation,

River levels can

order of the Interr

inches per day) until the
at that level until it is necessary to release the water for power

al Joint C ssi

changing water levels.

EFFECT ON THE MAIN LAKE AND WEST ARM
After Septomber 1 the lake will rise slowly (not more than a few

level is

q. How does a Person go a.
bout buying a house under. the,

A. A-home may be purehased

banks,

because lenders are not making
then he can
make application to the nearest
office of Central Mortgage and

i the Main Lake may be
raised to 6 feet above zero, which is approximately 2 feet above
the. present level. All persons using the foreshore of Kootenay Lake
and River during the fall and winter should be on the lookout for

ions have been built in-~
to the plan to allow expansion in
200.ton stages to an eventual 800
tons per day.

The property for the mill, 130
acres at Mission Flats, has been
purchased already, at a price
“that runs into six figures,” Mr,
Long. said. Mission Flats is five
miles west of Kamloops.

The mill will initially use
wood chips supplied from sawmills
in. the area that are presently
shipped to Vancouver. Mr, Long
said that local sawmills had ex-
pressed willingness to: increase

for the mill,

The pulpwood harvesting per-
mit, which would allow the harvest
of timber now left in the woods
or wasted in the sawmills, is ne.

hed

It will remain

EFFECT ON THE KOOTENAY AND
COLUMBIA RIVERS BELOW CORRA LINN

jh the fall and

be exp i to

winter according to the power demand and weather conditions.

WEST KOOTENAY POWER AND LIGHT
" COMPANY LIMITED

He said that the local group,
which has no affiliation with any
other pulp and paper producer,
has already arranged financing of
the first $12 million stage. While
the source was not revealed, he
said that it was all Canadian cap-
tal.

Markets for the mill's produc-
tion are being arranged, he said.
The only other problem is that of
pollution of the Thompson by the
mill waste, which would “be dis.
charged downstream from the
junction of the South and North
Thompson Rivers.

The company has had num-
erous interviews with government
fisheries officials on the problem,

blem appears solvable. The Adams
River sockeye run is one of. the
major salmon runs up fhe Thomp-
son.

;uity the automotive industry. was

and Mr. Long said that the pro-,!

General Public
Gains ‘Most From

Inventive Genius

WHO GAINS‘ MOST? -..
Stephen Duryea, George West.
tinghouse and Eli. Whitney were

“them made a fortune. But the gen-

feral public gained far more than |.

jthese three men did.
Duryea dreamed up the gas
engine; and because of his. ingen-

orn. and we can ride about swift-
ly and smoothly wherever we wish
to go.
It is surprising to realize that
a-larger percentage of people can
afford cars today ‘than could af-
ford horses in. the old days.
Eli Whitney got ‘tired of
watching slaves do the back.
breaking work of picking seeds
out of raw cotton, For ‘one thing
he knew this laborious task: con-
tributed to the need for slavery.
If the seeds had to be picked
from cotton by handathen you had
to have . slaves because cotton
wasn't worth enough to pay for so
much hand labor. :

So Whitney went, home and
invented, the cotton gin and a race
of people took a long step closer
to freedom.

about the danger involved in men
walking, along the top of freight
trains to work the hand brakes, He
went into his workshop and con-
trived the air brake and it is
through this invention. that ralt-
road transportation today is
speedy, safe and reliable.

These men were not only in-
ventors, but also capitalists, They
not only thought up their machines
but they also made them avail-
able abundantly and cheaply. True,
they got their rewards; but all of
us have gained far more.

There are people in our midst
who would stifle such enterprise.
They claim that all inventions and
industry. should be controlled by
the state. They want to regiment
all the Duryeas and Whineys and
Wesinghouses. -But such men do
not take to regimentation.

It is their very individualism
that makes them create and pro-
duce new products, Their work can
function only in a free enterprise

1,George Westinghouse fretted |’

system such as ours.

PACIFIC OR CARNATION:

DOLLARS: for the Canadian economy. are shown’ in‘ a

sheltered bay in: the Columbia river below the Deer a Wy. CASE. OF
Park road.’ ‘The /.logs: are. destined:.for ‘world: markets i

after being. converted ; into kraft pulp, and lumber_by ae 48. TALL TINS
Celgar’s ‘industrial’ y Lea has : oe

vs

tlegar. News Photos 2080 5: Peay

 Goalecar Socials

Mrs. HY Jolson, Ph, 365-8204

Wr. and Mrs, J. Sherbiko spent
the weekend | visiting with friends
in Enderby and Vernon.

Wayne Schellenberg and Bud|a
Jansen of Waldheim, ‘Sask.,-were
Buests of the former's uncle “and
aunt, Mr. and Mrs.”.H. Schellen.
berg for several days.

. Mr, and Mrs, &. Innis and sons
Gordon ‘and David ‘ of. Vancouver;
formerly of Castlegar, are visiting
with friends here. While in Cas-
tlegar they are the guests of Mr.
and Mrs. Ralph Harding.

Rev. and Mrs. W. O. MacKen-
zie and daughters Susan, Hollie
and Carolyn, who have been visit-
ing with the former's parents, Mr.
and ‘Mrs, Wm, Easton for. the past
month, left Thursday to return to
tele 2 home in Banfield; Vancouver

Oranges, ! 5 Ibs. oe a
| Potatoes, 10 Ibs. ee

‘Mr.'S. Simcock, who was a
patient’ in: the “Castlegar ‘hospital
has returned home,

Mrs, M. Hunt ‘of Spokane was Tans .

a Husst ® her mother Mrs. S, i Cc DEA i :
Line or several 8, R A : R ATE

Lawson was in the Cas- EVISE ED By : :
tlegar hy hospital for a few days. eet ~ .

Mr, and Mrs, T. B, Couch who 10 LBS.
spent the past three months visit. Vr Keys OR OVER i Cc a,
a & S
» READY. TO EAT

Sask., wh the isited with Mr.
Couckrs grand-daughter’ ands |f HAMS, Ib. E
great ‘grand-daughter Mr. and Mrs. | : Ree
Toe relly and Barbara Lynn. ie Wax Refills 4 rolls
ecm tall] WIENERS, No. 1 Ib. 39 -
o. é Cc
i oe Se ENS 3 KOOTENAY QUARTS

| Ciga rettes $2.99

Quart Jars, doz. he

-@ 76 glorious colors
@ So easy to apply
@ Costs no more, but...

LASTS YEARS LONGER

GENERAL PAINT CORPORATION OF CANADA LTD.

OGLOW BROS.

BUILDING: & SUPPLY CO. LTD.
PHONE 365-3351

y

‘
‘
“

are G. Eastcott and . son
Wayne, and Randy’ and’: Bonnie
‘Taylor of Rossland, were weekend
visitors of the former's mother |

.... $1.00

their output to meet the demand |

At Sarnla, Ontario,
Imperial operates the largest petroleum re.
At. Sarnia,

Mr, and ‘Mrs, Schellenberg,
Judith and “Craig, arrived. home
Sat eve ‘Vancouver.
where they. were ‘the guests of the

plus depost

[] Garlic Rings : 4-$100 GINGER ALE, 5 btls.

England, and visiting many other
ver and Penticton.
SUNRYPE CLEAR 48-02. ;

‘ane
APPLE JUICE, 2 tims .....

day evening. On their arrival in
"Unable to Attend
- Tatter’s sister Mrs. 'L. Taylor.’ They
ursday the
E. GRANULATED.

Canada they visited «in the! East
- Bell Reunion
also spent
SUGAR, 10. Ibs

7 T

_ SWANSON'S _CHICKEN OR TURKEY

also made a stop over at Wiseton,
where they. (were ‘guests. for ike zi ‘Several’ hundred descendents (=)
day. of the man who invented the tele- 79
Mes ; Guests at th at the home ce Mr: and | phone are expected to.converge on
. their,

“Me, Wal |
per’s sister's. daughter's picture | 9
appeared in the newspapers aft i
one took a job’as a telephone

Peanut Butter, 4 Ibs. ere
Nestles Quick, 2 Ibs. .....

‘KRAFT

MARSHMALLOWS, oka:

“| place. Several , hundred Bells are
expected at the Labor Day. week-
jend ‘pai ‘2

A Timex wrist watch will be given away on September 7 to some lucky

cateay, Alberta;.

4

the company's Ss ries ae and:technicians
areworkingtoimprove pri
:to develop new ones.

resent productsand
elr research ¢ covers

ALWAYS Loox 70 ira FOR THE BEST

wing of J
nother 115. members of the:Sarnia ans staff,
130 who work’ in sennet laboratories at a Cosa

: boy or girl i in. this. area. “Get your entry, form ‘when you purchase your
complete list. of. school supplies at Cut-Rate. i

We have a list for all district schools cel a complete I list of school sup-
plies to fill, them.

olines to h z es Sy
retovaer fits. "At Caiseor n iimperal research ies CREE NES } Sa 5 :
-personnel are. fo exploring jeans t0 find and. <” “.- SHOP NOW WHILE. STOCK IS COMPLETE

‘gas. Imperial does mor poser than all”
other ail companies in Canada’ combined.

jee tees